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What is a Roth IRA for kids, and how does it work?
A custodial Roth IRA is a retirement account for minors that allows for tax-free growth. It provides all the benefits of a ...
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Backdoor Roth IRA: a Tax-Saving Loophole for High Earners
Hollywood legend Kevin Costner ruminates on President Teddy Roosevelt in the new Fox Nation limited series 'Yellowstone to Yosemite.' Unlocking tax-free retirement savings: Learn about the backdoor ...
A Roth IRA offers a ‘longer runway for tax-free investing,' advisor says. Here's how to use it
Therefore, a Roth IRA provides a "much longer runway for tax-free investing," said certified financial planner Thomas Scanlon ...
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What is a Roth IRA for kids, and how does it work?
A custodial Roth IRA offers the same benefits as a Roth IRA except it’s set up for a child, and an adult, typically a parent, manages the account until the child reaches legal adulthood. There is no ...
4 financial tasks you shouldn’t put off
You’ve probably got one or two financial jobs on your to-do list that you were too busy to get to or perceived as boring ...
Liz Weston: 20-something son is ready to take control of his finances. Should he drop our co-owned credit card?
Answer: The IRS requires five-year holding periods before earnings can be withdrawn tax-free from Roth accounts. The ...
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CBO's Revenue Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...
Hard copies, thumb drives and the cloud: How to handle vital records when it’s time to flee
A: The IRS requires five-year holding periods before earnings can be withdrawn tax-free from Roth accounts. The five-year rule applies separately to each Roth conversion, so the partial conversions ...